Bronx Multifamily Investment
760 E 232nd St, Bronx, NY 10466
12-unit rent-stabilized brick building in the Wakefield section of the Bronx.
- Added:
- Jul 31, 2025
- Days on Market:
- 304
- Last Refresh:
- May 25 at 9:06 pm
Property Features for 760 E 232nd St
General Information
- Standard status
- Active
Listing agent Michael A. Brown License #30BR093422 (718) 541-6149
Listing office Keller Williams Realty Group (718) 541-6149
Listing date Jul 31, 2025
Source Exprealty
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HighLights
- 12‑unit rent‑stabilized brick building in the North Bronx
- Significant upside potential through 25% vacancy (3 units)
- One additional 3BR unit will be delivered vacant
- Strong fundamentals and no major deferred maintenance reported
- Located in a transit‑friendly corridor near the 2 and 5 trains, Metro‑North, and major bus lines
- Diversified rent roll with growth opportunity
Overview
Located in the Wakefield section of the Bronx, 760 E 232nd Street is a well-maintained, solid brick 12-unit multifamily property. The rent-stabilized building offers a blend of in-place cash flow with upside through unit turnover and operational optimization. The unit mix includes three vacant units, one 3BR unit that will be delivered vacant, and eight stabilized/rented units. The stabilized units include 1BRs renting at $859, $1,113 (ERAP), $1,198, $1,233, and $1,336, and 2BRs renting at $1,117, $1,521, and $2,174 (lease through 2026). One 2BR is in active eviction with legal process in progress. Several units are month-to-month or have upcoming lease expirations. The building is in a transit-friendly corridor near the 2 and 5 trains, Metro-North, major bus lines, and key Bronx retail. The property is a prime hold for multifamily operators, 1031 exchange buyers, and fund managers seeking in-place returns and long-term value appreciation. The building offers strong fundamentals, low turnover risk, and no major deferred maintenance has been reported. The property has 25% vacancy and additional unit turnover potential.
Location Intelligence
Current Use by Public Records
1031 exchange properties
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.855393
- Latitude
- 40.891879
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 12-unit rent-stabilized brick building in the Wakefield section of the Bronx.
Where is this apartment building located?
The property is located at 760 E 232nd St Bronx, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 12‑unit rent‑stabilized brick building in the North Bronx; Significant upside potential through 25% vacancy (3 units); One additional 3BR unit will be delivered vacant
